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Inter-Bank Rates

Date	Rate Type	Rate Range	Weighted Average
1/5/2024	Call Rate	1.00 - 10.00	1.00
1/4/2024	OBB Rate	10.00 - 15.00	11.73
1/3/2024	OBB Rate	10.00 - 15.75	14.05
	8-35 Days	17.00 - 17.00	17.00
	Call Rate	15.75 - 15.75	15.75
1/2/2024	OBB Rate	10.00 - 15.75	13.85
12/29/2023	OBB Rate	11.50 - 16.00	15.54
	8-35 Days	15.00 - 15.00	15.00
	4-7 Days	15.00 - 16.00	15.38
12/28/2023	OBB Rate	14.00 - 16.50	15.71
	Call Rate	15.75 - 15.75	15.75
12/27/2023	OBB Rate	14.00 - 16.00	15.09
12/22/2023	OBB Rate	5.00 - 15.75	13.04
12/21/2023	OBB Rate	8.00 - 15.75	13.18
12/20/2023	OBB Rate	13.00 - 16.00	15.25
12/19/2023	OBB Rate	15.00 - 23.00	18.37
12/18/2023	OBB Rate	15.75 - 24.00	22.32
12/15/2023	OBB Rate	22.00 - 24.75	23.30
12/14/2023	OBB Rate	15.50-25.75	21.04
12/13/2023	OBB Rate	15.00-17.00	15.91
	4-7 Days	17.00-17.00	17.00
12/12/2023	OBB Rate	15.00 - 17.00	15.78
	Call Rate	15.75 - 15.75	15.75
12/11/2023	OBB Rate	15.50 - 20.00	16.28
	Call Rate	16.00 - 16.00	16.00
12/8/2023	OBB Rate	15.75 - 20.00	17.91
12/7/2023	OBB Rate	16.20 - 27.00	24.11
	Call Rate	24.00 - 24.00	24.00
12/6/2023	OBB Rate	15.00 - 17.00	16.10
	Call Rate	16.00 - 16.00	16.00
12/5/2023	OBB Rate	15.00 - 17.00	15.76
	Call Rate	16.00 - 17.00	16.66
12/4/2023	OBB Rate	15.00 - 17.00	15.84
	Call Rate	16.00 - 16.00	16.00
12/1/2023	OBB Rate	14.00 - 16.50	15.75
	Call Rate	15.75 - 15.75	15.75
11/30/2023	OBB Rate	10.00 - 16.00	14.80
	Call Rate	15.75 - 15.75	15.75
11/29/2023	OBB Rate	10.00 - 17.00	14.51
	Call Rate	15.75 - 15.75	15.75

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Facts : 1/7/1959

Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.

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